Real estate transactions have increasingly become a prime target for cybercrime, with scams growing more prevalent and sophisticated in recent years.
FBI data indicates a massive increase in real estate scams from under $9 million in losses in 2015 to $446 million in 2022.
CertifID's 2024 State of Wire Fraud Report revealed that nearly half of consumers feel inadequately informed about the risks of real estate wire fraud.
To protect themselves, consumers should always confirm wiring instructions directly with a known contact and scrutinize any urgent or confidential communications.
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